Italian ministers and European Union officials gave a cool reception to a proposal by Matteo Renzi that Italy flout the EU’s fiscal rules for the next five years. Renzi, proposed Italy should run a stable budget deficit of 2.9 percent of gross domestic product for five years instead of trying to lower the deficit towards zero. Source Reuters
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The head of MI5 has said Britain is now facing the worst terror threat he has ever seen in his 34-year career. Andrew Parker, director general of the security service, gave a rare public speech, calling the threat “multi-dimensional, evolving rapidly and operating at a scale and pace we’ve not seen before”. Source Evening standard
Unemployment among native Swedes fell to 3.9 percent in August – the lowest level since August 2008 before the financial crisis, according to statistics by national job agency Arbetsförmedlingen. A total of 22 percent of people born outside of Sweden were registered as unemployed at the end of August. Source TheLocal
Russian President Vladimir Putin approved plans to launch the country’s own cryptocurrency, Russian Minister of Communications Nikolay Nikiforov said Sunday. Source: Daily Sabah